HBL Total Treasury ETF Offers Investors a 14% DistributionBank Makramah Limited Plans Dual Rights Issues to Bolster Capital

Karachi, HBL Total Treasury ETF, identified as HBLTETF, showcased a daily weighted average rate of 113.20, with a high of 113.3 and a low of 111.1, alongside a turnover of 1,417,600. The fund’s substantial size of 564.404 million and a market lot of 100 reflects its significant presence in the debt ETF sector. It offered a 14% distribution, with its NAV at 113.0165, underlining its commitment to treasury-focused investments.

Karachi, Bank Makramah Limited, previously known as Summit Bank Limited and actively traded on the Pakistan Stock Exchange, has announced two separate rights issues as part of its strategy to enhance its capital structure. The first rights issue is set at a rate of 65%, aimed at allowing the bank’s existing shareholders to invest further in the company. Concurrently, a second, smaller rights issue has been proposed at a rate of 11.2443%, targeting specific financial strengthening objectives. These strategic moves are designed to bolster the bank’s capital base, supporting its operational and expansion plans.